Life relates to trading and trading relates to life. Constantly revealing, unfolding before us as we trade and live, so I write about how my life relates to trading and how I trade the markets. Along the way I share my opinions on anything that evokes my passion or tickles my funny bone trying not to forget that enjoying life is the best part of living.

Monday, March 21, 2011

The Daily Note - Work Smart Trades

I work hard which will probably never change, but along with working hard, we all have to learn to work smart. It's true in any market situation, and no more than now. Working smart does not mean that you do shortcuts or that you work less, although it may lead to it, in a smart way. Working smart means figuring out what works for you and doing it over and over again.

Smart means knowing which strategy works best for your style. The one that no matter what the market does, you know how to trade. Some days less, other days more but it's one that you know will be successful a high majority of the time. You also have to know which symbols work best with your strategy and it's good to have a basket of them. I call mine "The Usual Suspects"

By tracking your trades, you can find out which stocks work best with your best strategy. Keep the daily log on each symbol separately and see which ones perform best on the average for you.
Weed out the ones that do not trade well daily first, then weed out the ones that work in the lower percentage of the time with a minimum of 60% preferably 70+% success.

Finally, remember that smart does not replace practice. Practice them until your percentage of success with each improves to be above 80% preferably to 90+%; by which time you're basket will be weeded down to about five traders.

Your Smart Trades can be the starters of your day or the ones you go to when others are not doing well. The ones that will boost your success and your confidence. The ones that allow you to - Work Smart Trade - them well.

About Me

a posse ad esse or from being able, to being

In trading as in living, We must see the possible in order to create the actual. Through a maze of charts, indicators and endless outlook chatter, we must create our own vision and from that actualize our possibilities. In short, create and realize our dreams.
With my experience and ability to visualize, I can help you realize yours.
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DISCLAIMER

Day Trading with Anni is a blog and website intended for education, entertainment and information only. The content provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All readers, traders, or investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.That said, all content is under copyright by the author.